Australia's ANZ Bank Dives into Blockchain with Chainlink Partnership

Chainlink's CCIP Powers ANZ Bank

Australia and New Zealand Banking Group (ANZ), one of the "Big Four" banks in Australia, has taken a significant step in the world of blockchain by announcing its collaboration with Chainlink's Cross-Chain Interoperability Protocol (CCIP). This partnership allows ANZ to conduct transactions with tokenized assets using its A$DC stablecoin in conjunction with Chainlink's CCIP.

ANZ's adoption of Chainlink's CCIP empowers the bank to seamlessly transfer funds across both open and private blockchain networks. This endeavor marks a part of ANZ's broader efforts to explore the efficiency and security of bringing real-world assets onto the blockchain.

Chainlink's announcement on X (Twitter) highlighted that this move builds upon insights from the Swift blockchain interoperability initiative conducted in June. The Swift initiative, a collaborative effort among leading global banks and The Society for Worldwide Interbank Financial Telecommunication, aims to push the boundaries of blockchain interoperability. Its primary objective is to offer major financial institutions a centralized gateway to multiple networks, simplifying the complexities and investments required for interconnecting the global financial system.

Prominent banks participating in this initiative include BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX), The Depository Trust and Clearing Corporation (DTCC), and ANZ (Australia and New Zealand Banking Group).